USD/JPY rises to five-year high

Economies.com
2022-01-04 06:38AM UTC

USD/JPY rose in Asian trade to January 2017 highs following a spate of data from Japan and ahead of US data later today.

 

As of 06:30 GMT, USD/JPY rose 0.42% to 115.80, with a five-year high at 115.82, and a session-low at 115.27.

 

Japan's manufacturing PMI rose to 54.3 as expected in December, compared to 54.5 in November.

 

From the US, the services PMI is expected down to 60 from 61.1 in November, while services prices are expected down to 79.3 from 82.4.

 

US Job openings index is expected to rise to 11.06 million from 11.03 million in October, while private sector employment is expected to show an increase of 405 thousand new jobs last month.

 

The Federal Reserve will release its last meeting minutes yesterday, at which it maintained rates at below 0.25% while doubling the rates of reducing the bonds purchases program to $30 billion a month.

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